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Showing 511 - 520 of 5969 results for "banks"

Australian firms spend 3.6bn on financial crimes

CASSANDRA BALDINI  |  THURSDAY, 16 JUN 2022
... report said that the total projected cost of financial crime compliance across APAC firms is $50.1 billion for 2022; large banks represent 80% of this. The average annual cost of compliance per financial institution is highest for mid to large banks ...

Banks flag imminent consecutive double rate rises

ANDREW MCKEAN  |  WEDNESDAY, 8 JUN 2022
Commonwealth Bank and Westpac economists have predicted the Reserve Bank of Australia (RBA) to bump up official rates to 1.35% when it next meets in July; NAB and ANZ believe there will be another double hike in the next two months. Quickly following ...

Reserve Bank shocks with hawkish 50bp increase

ANDREW MCKEAN  |  TUESDAY, 7 JUN 2022
... continued: "Real household incomes are under pressure in many economies and financial conditions are tightening, as central banks withdraw monetary policy support in response to broad-based inflation. There are also ongoing uncertainties related to Covid ...

Reserve Bank tipped to hike rates again

ANDREW MCKEAN  |  MONDAY, 6 JUN 2022
... may stick to a standard 0.25 percentage point hike, but there's every chance it will be more hard-hitting. "Central banks across the world are struggling to get on top of inflation, and the Reserve Bank of Australia does not want to be one of them. ...

Lifespan partners with OpenInvest to launch advice solution

ANDREW MCKEAN  |  FRIDAY, 3 JUN 2022
... now - via OpenInvest technology - able to reach a much larger audience with their expertise." Ardino added: "Because the banks have all exited financial advice - unless you're extremely wealthy - it leaves an even larger vacuum that unfortunately has ...

Relax rate expectations: Franklin Templeton

CHLOE WALKER  |  FRIDAY, 3 JUN 2022
... changes in monetary policy work with lags that will show up over coming months and quarters. "The difficulty is central banks must respond to the here and now, and Australia's annual headline CPI of 5.1% cannot be dismissed easily," he said. "The monetary ...

Investors Mutual, Vaughan Nelson partner

CASSANDRA BALDINI  |  THURSDAY, 2 JUN 2022
... so much more opportunity outside the Australian market which is quite concentrated, about 50% of it is in materials and banks so with exposure to global small caps, you get exposure to a whole range of new sectors, new geography, and also different economic ...

Pallas Capital introduces feeder fund

CHLOE WALKER  |  THURSDAY, 26 MAY 2022
... and prudent lending criteria. PFT specifically caters to medium-sized CRE borrowers who are under-serviced by the major banks. The feeder fund is initially looking to raise $150 million and is currently offering a yield of 6.87% per annum or 6.5% plus ...

US Fed indicates several more half-percentage rate rises

ANDREW MCKEAN  |  THURSDAY, 26 MAY 2022
... longer run." Also, in an unusual step, Federal Reserve chair Jerome Powell directly also addressed the US on the central banks plan to tame inflation in a post-meeting news conference. GSFM investment strategist Stephen Miller said Powell's comments ...

Liberals should liberate Australians from super: Bragg

ANDREW MCKEAN  |  THURSDAY, 26 MAY 2022
... energies on the two principal economic issues: taxation and superannuation," he said. Bragg claimed super has made unions, banks and insurers richer than ever and lamented excessive fees and lack of competition. He also called super a strange but huge ...